*NOT FINANCIAL ADVICE: DYOR - This idea is IMO for personal use only*
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An update from my last MATIC chart dated 15th April.
This still remains a buy & HOLD strategy for me and will continue to load up on any dip, while we are still in the strong buy zone..
While other Cryptocurrencies were dragged down with BTC's dip we had last week, we saw MATIC (Polygon) growth outperforming other coins/tokens in the recovery on the back of some solid volume.
Why?
🔹 Yield Farmers are migrating to Matic (Polygon) for low fees & faster transactions.
🔹 Ethereum-native protocols such as Aave, SushiSwap, and Curve led the way for Ethereum users to migrate to the Matic network (as we know, Eth gas fees are mind-blowing).
🔹 An increasing number of users on Polygon, with the Layer 1 scaling solution recently surpassing Ethereum in the number of daily transactions.
🔹 Polygon is an Ethereum scaling solution and is a competitor to Binance Smart Chain.
At the time of writing this, MATIC is #15 on CoinmarketCap. Watch this space for the long term.
As always, watch for volume. Do your own research. This is not Financial Advice. Always be watching BTC.
Good chat.🤖
My last MATIC chart on 19th April:
============================================================
An update from my last MATIC chart dated 15th April.
This still remains a buy & HOLD strategy for me and will continue to load up on any dip, while we are still in the strong buy zone..
While other Cryptocurrencies were dragged down with BTC's dip we had last week, we saw MATIC (Polygon) growth outperforming other coins/tokens in the recovery on the back of some solid volume.
Why?
🔹 Yield Farmers are migrating to Matic (Polygon) for low fees & faster transactions.
🔹 Ethereum-native protocols such as Aave, SushiSwap, and Curve led the way for Ethereum users to migrate to the Matic network (as we know, Eth gas fees are mind-blowing).
🔹 An increasing number of users on Polygon, with the Layer 1 scaling solution recently surpassing Ethereum in the number of daily transactions.
🔹 Polygon is an Ethereum scaling solution and is a competitor to Binance Smart Chain.
At the time of writing this, MATIC is #15 on CoinmarketCap. Watch this space for the long term.
As always, watch for volume. Do your own research. This is not Financial Advice. Always be watching BTC.
Good chat.🤖
My last MATIC chart on 19th April:
